Pakistan’s services exports rose 15.95% to $3.03 billion in the first four months of fiscal year 2025-26, the Pakistan Bureau of Statistics reported. Meanwhile, imports also grew 12% to $4.20 billion, pushing the services trade deficit slightly higher to $1.16 billion. Analysts said the rise reflects continued growth in IT, transport, and business services.
Exports for October alone surged 17.61% to $826 million, up from $702 million a year ago. Imports in the same month reached $1.05 billion, an increase of 12.81% from last year. Month-on-month, services exports rose 2.45% compared to September, while imports grew 3.97%.
Read more: Services exports increase by 15.95% to $3.034 billion
The widening trade deficit indicates that while Pakistan’s services sector is growing, the country is still spending more on foreign services than it earns. Key import categories included transportation, communication, and business-related services, which contributed to the increase.
Officials noted that the services sector remains a critical part of Pakistan’s economy, supporting IT exports, financial services, and tourism. They emphasized the need to boost competitiveness and expand export markets to reduce the deficit over time.
Read more: Services exports increase by 14.85% to $2.19 bln in Q1
Despite the rise in the deficit, the growth in exports highlights resilience in Pakistan’s services sector. Economists said continued investment, digital services expansion, and improved global outreach could further strengthen earnings in the coming months.